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Economy of Turkmenistan vs Yemen compared: GDP & Debt

Updated on by Georank team

Turkmenistan has a GDP of $51.4B compared to $21.6B for Yemen, ranking 92/197 and 125/197 by economy size, respectively.

Turkmenistan has $2.11B in government debt (4.11% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Turkmenistan vs Yemen GDP by year

Turkmenistan
Yemen
1x
Year GDP, current $
Turkmenistan Yemen
2024 $51,387,209,872 -
2023 $45,894,538,666 -
2022 $42,208,726,138 -
2021 $40,589,905,812 -
2020 $41,509,903,182 -
2019 $40,810,067,975 -
2018 $40,765,428,571 $21,606,160,663
2017 $37,926,285,714 $26,842,229,045
2016 $36,169,428,571 $31,317,825,274
2015 $35,799,714,286 $42,444,490,074
2014 $43,524,210,526 $43,228,585,321
2013 $39,197,543,860 $40,415,233,436
2012 $35,164,210,526 $35,401,331,610
2011 $29,233,333,333 $32,726,417,878
2010 $22,583,157,895 $30,906,749,533
2009 $20,214,385,965 $25,130,278,213
2008 $19,271,523,179 $26,910,855,807
2007 $12,664,165,103 $21,650,528,674
2006 $10,276,674,365 $19,063,143,370
2005 $8,103,901,996 $16,731,566,717
2004 $6,838,351,088 $13,867,634,371
2003 $5,977,440,583 $11,777,532,662
2002 $4,462,029,109 $10,693,430,511
2001 $3,534,772,732 $9,852,990,693
2000 $2,904,663,311 $9,679,316,770
1999 $2,450,564,100 $7,639,325,296
1998 $2,605,689,134 $6,322,175,566
1997 $2,450,350,625 $6,838,298,531
1996 $2,378,759,975 $6,496,163,616
1995 $2,482,228,440 $12,796,345,679
1994 $2,561,118,608 $28,019,483,764
1993 $3,179,225,949 $21,736,802,664
1992 $3,200,539,816 $17,959,367,194
1991 $3,208,098,919 $14,665,445,462
1990 $3,189,539,641 $12,643,821,569
1989 $3,006,988,217 -
1988 $3,010,982,414 -
1987 $2,331,358,820 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/turkmenistan/yemen | CC BY

GDP per capita in Turkmenistan vs Yemen by year

Turkmenistan
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Turkmenistan Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,857 $21,213 - -
2023 $6,232 $19,829 - -
2022 $5,838 $18,340 - -
2021 $5,723 $16,434 - -
2020 $5,973 $15,091 - -
2019 $5,998 $15,478 - -
2018 $6,125 $14,368 $634 -
2017 $5,828 $13,278 $811 -
2016 $5,687 $12,919 $975 -
2015 $5,759 $12,715 $1,362 -
2014 $7,164 $12,477 $1,430 -
2013 $6,600 $11,723 $1,379 $3,164
2012 $6,054 $11,035 $1,245 $3,005
2011 $5,144 $10,283 $1,186 $3,113
2010 $4,059 $8,972 $1,155 $3,603
2009 $3,708 $8,285 $969 $3,411
2008 $3,606 $7,916 $1,072 $3,370
2007 $2,415 $6,901 $890 $3,294
2006 $1,997 $6,164 $810 $3,205
2005 $1,604 $5,489 $734 $3,113
2004 $1,379 $4,798 $628 $2,949
2003 $1,229 $4,536 $549 $2,844
2002 $936 $4,393 $513 $2,768
2001 $756 $4,401 $487 $2,702
2000 $634 $4,209 $493 $2,624
1999 $546 $3,981 $401 $2,492
1998 $591 $3,432 $343 $2,442
1997 $565 $3,222 $383 $2,351
1996 $558 $3,636 $375 $2,268
1995 $592 $3,405 $764 $2,201
1994 $622 $3,659 $1,735 $2,115
1993 $788 $4,422 $1,397 $2,013
1992 $811 $4,351 $1,198 $1,963
1991 $832 $5,117 $1,016 $1,843
1990 $848 $5,321 $910 $1,742
1989 $821 - - -
1988 $846 - - -
1987 $675 - - -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/turkmenistan/yemen | CC BY

Turkmenistan's GDP per capita is $6,857, ranking 104/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Turkmenistan ranks 94th at $21,213, while Yemen ranks 178th at $3,164.

Economic indicators

Turkmenistan Yemen
Gross domestic product
$51.4B
2024
$21.6B
2018
GDP rank
92/197
2024
125/197
2018
GDP growth
6.3%
2023-2024
0.75%
2017-2018
GDP per capita
$6,857
2024
$634
2018
GDP per capita rank
104/197
2024
191/197
2018
GDP per capita, PPP
$21,213
2024
$3,164
2013
GDP per capita PPP rank
94/197
2024
178/197
2013
Government debt
$2.11B
2024
$18.8B
2018
Debt-to-GDP ratio
4.11%
2024
70.9%
2024
Government debt per person
$282
2024
$551
2018
Government debt per person rank
179/185
2024
165/185
2018
Average annual personal income after taxes
$7,520
2026
$1,127
2026
Income share by richest 10%
31.5%
1998
29.4%
2014
Income share by poorest 10%
2.4%
1998
3%
2014
Government expenditure, % of GDP
14.5%
2024
8.91%
2024
Consumer prices inflation
4.6%
2023-2024
33.9%
2023-2024
Unemployment rate
4%
2010
13.5%
2014
Population
7776557
43325643

Spending and national debt comparison by year

Turkmenistan
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Turkmenistan Yemen
Government spending Government debt Government spending Government debt
2024 14.5% 4.11% 8.91% 70.9%
2023 13.7% 5.46% 11.8% 77.9%
2022 13% 7.14% 12.2% 65.3%
2021 13.4% 12.3% 8.22% 75.9%
2020 13.5% 15.4% 10.6% 87%
2019 13.6% 17.7% 13.2% 91.5%
2018 13.7% 22.5% 14.3% 86.9%
2017 17.8% 24.7% 8.39% 83.8%
2016 14.1% 21.1% 16.1% 76.5%
2015 17.3% 19% 19.4% 57.7%
2014 17% 16% 27.8% 48.9%
2013 16.9% 20.4% 30.8% 48.4%
2012 14.7% 17.9% 36.2% 47.6%
2011 15.4% 14.8% 29.8% 45.7%
2010 14.6% 7.04% 30.2% 42.4%
2009 14.4% 3.09% 35.2% 49.8%
2008 11.7% 3.56% 41.2% 36.4%
2007 14.4% 3.06% 40.3% 40.4%
2006 16% 4.23% 37.4% 40.8%
2005 21.1% 6.82% 36.8% 43.8%
2004 20.3% 11.4% 34.2% 52.1%
2003 20.8% 16.9% 35.3% 56.8%
2002 19.4% 24.2% 30.8% 57.8%
2001 22.6% 34.1% 30.5% 60.6%
2000 25.9% 55.1% 31.7% 60.8%
1999 20.8% 66.7% 28.2% 96.1%
1998 26.1% 81.6% 34.3% 110.6%
1997 26.9% 64.2% 34.2% 74.2%
1996 - - 30.7% 114.9%
1995 - - 24.1% 84.1%
1994 - - 25.2% 73.3%
1993 - - 25.8% 76.7%
1992 - - 24.6% 78%
1991 - - 24.7% 82.7%
1990 - - 26.6% 91.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

GeoRank.org/economy/turkmenistan/yemen | CC BY

In 2024, Turkmenistan's government spending was $7.46B, accounting for 14.5% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 4.11% in Turkmenistan and 70.9% in Yemen, ranking 183/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Turkmenistan

Yemen
1x
Year Deficit/surplus, % of GDP
Turkmenistan Yemen
2024 -0.08% -2.48%
2023 0.11% -5.63%
2022 3.38% -2.15%
2021 0.57% -0.89%
2020 -0.16% -4.3%
2019 -0.4% -5.89%
2018 -0.22% -7.85%
2017 -2.84% -4.9%
2016 -2.38% -8.51%
2015 -0.7% -8.75%
2014 0.89% -4.14%
2013 1.53% -6.9%
2012 7.53% -6.32%
2011 3.84% -4.51%
2010 2.13% -4.06%
2009 7.53% -10.2%
2008 10.7% -4.53%
2007 4.19% -7.18%
2006 5.64% 1.19%
2005 0.86% -1.82%
2004 1.47% -2.15%
2003 3.99% -4.2%
2002 0.19% -0.56%
2001 0.77% 2.79%
2000 -0.55% 6.09%
1999 2.48% 0.06%
1998 1.15% -7.77%
1997 -0.2% -1.5%
1996 - -0.92%
1995 - -5.74%
1994 - -14%
1993 - -12.8%
1992 - -10.9%
1991 - -5.76%
1990 - -10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/turkmenistan/yemen | CC BY

In 2018, Turkmenistan's government deficit, the difference between spending and revenue, was $87.8M, equivalent to 0.22% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 22 years, Turkmenistan recorded a fiscal deficit in 6 of those years, while Yemen ran a deficit in 18 years. On average, Turkmenistan posted an annual surplus equal to 2.18% of GDP, compared to deficit of 3.9% of GDP for Yemen.

Inflation comparison by year

Inflation
Turkmenistan

Yemen
1x
Year Consumer prices inflation
Turkmenistan Yemen
2024 4.6% 33.9%
2023 -1.6% 0.9%
2022 11.2% 29.5%
2021 19.5% 31.5%
2020 6.1% 21.7%
2019 5.1% 15.7%
2018 13.3% 33.6%
2017 8% 30.4%
2016 3.6% 21.3%
2015 7.4% 22%
2014 6% 8.2%
2013 6.8% 11%
2012 5.3% 9.9%
2011 5.3% 19.5%
2010 4.4% 11.2%
2009 -2.7% 3.7%
2008 14.5% 19%
2007 6.3% 7.9%
2006 8.2% 10.8%
2005 10.7% 9.9%
2004 5.9% 12.5%
2003 5.6% 10.8%
2002 8.8% 12.2%
2001 11.6% 11.9%
2000 8% 11%
1999 23.5% 7.9%
1998 16.8% 11.5%
1997 83.7% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/turkmenistan/yemen | CC BY

Over the past 28 years, Turkmenistan has recorded an average annual inflation rate of 10.9%, compared with 15.5% in Yemen. In 2024, inflation was 4.6% in Turkmenistan and 33.9% in Yemen.

Balance of trade

Turkmenistan Yemen
Current account balance n/a
-$2.42B
2016
Current account balance ranking n/a
148/190
2016
Current account balance, % of GDP n/a
-7.72%
2016
Goods imports n/a
$6.8B
2016
Goods exports n/a
$473M
2016
Service imports n/a
$1.46B
2016
Service exports n/a
$466M
2016
Imports of goods and services, % of GDP
11.2%
2024
47.3%
2018
Exports of goods and services, % of GDP
17.6%
2024
8.76%
2018

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Turkmenistan Yemen
Economic freedom 47 53.7
Economic freedom ranking 177/197 138/197
Property rights 17.4 3.5
Government integrity 8.4 6.2
Judicial effectiveness 12.3 9.9
Tax burden 94.2 93.7
Government spending 94.3 0
Fiscal health 99.9 71.2
Business freedom 37.5 31.3
Labor freedom 29.3 31.2
Monetary freedom 76.7 48.1
Trade freedom 74.2 67.4
Investment freedom 10 50
Financial freedom 10 30

Economic freedom comparison by year

Turkmenistan
Yemen
1x
Year Economic freedom index
Turkmenistan Yemen
2026 47 -
2025 47.1 -
2024 46.3 -
2023 46.5 -
2022 46.2 -
2021 47.4 -
2020 46.5 -
2019 48.4 -
2018 47.1 -
2017 47.4 -
2016 41.9 -
2015 41.4 53.7
2014 42.2 55.5
2013 42.6 55.9
2012 43.8 55.3
2011 43.6 54.2
2010 42.5 54.4
2009 44.2 56.9
2008 43.4 53.8
2007 43 54.1
2006 43.8 52.6
2005 47.6 53.8
2004 50.7 50.5
2003 51.3 50.3
2002 43.2 48.6
2001 41.8 44.3
2000 37.6 44.5
1999 36.1 43.3
1998 35 46.1
1997 - 48.4
1996 - 49.6
1995 - 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/turkmenistan/yemen | CC BY

The Economic Freedom Index for Turkmenistan is 47, ranking 177/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Turkmenistan Yemen
Services, % of GDP
50.4%
2024
41.8%
2018
Industry, % of GDP
37.5%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
12.2%
2024
28.7%
2018
GNI, Atlas method
$48.8B
2024
$25.3B
2018
GNI per capita, PPP
$21,020
2024
$3,020
2013
Total reserves including gold
$1.51B
1999
$1.25B
2022
Total reserves ranking
135/177
1999
139/177
2022
Net foreign direct investment n/a
$15.4M
2015
Net inflows of foreign direct investment
$1.64B
2024
-$371M
2019
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.91%
2024
0.53%
2018
Poverty at national poverty lines
0.2%
2020
48.6%
2014
Gross capital formation, % of GDP
47.2%
2012
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/turkmenistan/yemen | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.